Quebecor (OTCMKTS:QBCRF) Announces Earnings Results, Misses Estimates By $0.01 EPS

Quebecor (OTCMKTS:QBCRF) issued its quarterly earnings results on Thursday. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01), Zacks reports. Quebecor had a net margin of 15.55% and a return on equity of 33.84%.

Quebecor Stock Performance

QBCRF stock traded up $1.99 during trading on Thursday, hitting $47.39. 56,534 shares of the company’s stock traded hands, compared to its average volume of 68,626. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 2.39. Quebecor has a 52 week low of $26.93 and a 52 week high of $49.00. The stock has a fifty day moving average price of $47.87 and a two-hundred day moving average price of $43.55. The stock has a market capitalization of $10.68 billion and a price-to-earnings ratio of 68.68.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on QBCRF shares. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Tuesday, July 7th. Raymond James Financial assumed coverage on shares of Quebecor in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a report on Friday, May 15th. TD Securities restated a “buy” rating on shares of Quebecor in a research note on Monday, June 29th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Quebecor

Quebecor Inc is a Canadian integrated media and telecommunications company offering a diversified portfolio of services and content. Through its wholly owned subsidiary Vidéotron, the company provides cable television, high-speed internet, wireless telephony and residential and business telecom solutions. Its media arm, Quebecor Media, publishes newspapers and magazines, operates specialty and conventional television networks and engages in digital media and advertising across multiple platforms.

Founded by Pierre Péladeau in 1965 as a printing enterprise in Montreal, Quebecor has expanded its operations over five decades into one of Canada’s leading content creators and service providers.